Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  TEL AVIV STOCK EXCHANGE  >  Bank Leumi Le Israel BM    LUMI   IL0006046119

SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Bank Leumi le-Israel Ltd. : Leumi launches the "Leumi Business Fund", Israel's largest fund for small and medium businesses - totaling NIS 3 billion

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/07/2013 | 03:25pm CEST
Leumi launches the "Leumi Business Fund", Israel's largest fund for small and medium businesses - totaling NIS 3 billion
Bank Leumi announced today the launch of 'Leumi Business Fund' totaling NIS 3 billion - with preferred terms, fast approval track and without unnecessary red tape

The fund is fully owned by Leumi, with no government guarantees. This fact enables customers

the fastest approval track that exists in the system today - within 14 days only.

The Fund is intended for business owners, who are customers of all bank: it grants loans on attractive terms, with a collateral requirement of only 25%. The loans are granted for amounts from NIS 300,000 to NIS 1 million, at an interest rate of Prime + 1.9% per year, with a repayment period of up to five years and an option to defer payments (Grace) for up to one year. The loan process is carried out through an external credit committee (the customer selects one of five companies) and is submitted to the branch for approval. The Fund is intended for small businesses, corporations and licensed dealers, with a turnover of between NIS 1 million and NIS 10 million a year, and a bank indebtedness of up to NIS 5 million. The Fund is primarily intended for businesses with at least one year of existence - but in special cases businesses in the set-up stage may also apply.

Rakefet Russak Aminoach, Leumi President  & CEO: "The launching of 'Leumi Business Fund' is in accordance with Leumi's view that SME's are the core of the economy and its key growth engine. The Fund, totaling NIS 3 billion, will allow credit to be granted on a fast track and at preferential terms. We believe that this move - in addition to its contribution to customers - will also contribute to the entire Israeli economy by encouraging growth and increasing competitiveness."

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BANK LEUMI LE ISRAEL BM
10/23 Bank Leumi Collaborates with Temenos and VMware to Create an Advanced Digital..
09/27 Israeli regulator tells banks to trim foreign activities
08/28 BANK LEUMI LE ISRAEL BM : ex-dividend day for interim dividend
08/15 BANK LEUMI LE ISRAEL BM : Leumi Reports 11.3% Return on Equity in the Second Qua..
08/15 BANK LEUMI LE ISRAEL BM : Financial Statements Q2 2017
08/09BANK LEUMI LE ISRAEL BM : half-yearly earnings release
08/06 GLOBAL FINANCE MAGAZINE ANNOUNCES : "Leumi - The Best Digital Bank in Israel"
07/12 BANK LEUMI LE ISRAEL BM : Leumi Initiates an Additional Efficiency Plan, Followi..
06/29 A NEW WAY OF BANKING LAUNCHED IN ISR : PEPPER by Leumi Goes Live!
06/13 BANK LEUMI LE ISRAEL BM : ex-dividend day for interim dividend
More news
News from SeekingAlpha
08/15 Bank Leumi Le Israel reports 1H results
03/30 Bank Leumi Le Israel reports FY results
2015 Bank Leumi sells Mobileye shares
Financials ( ILS)
Sales 2017 13 079 M
EBIT 2017 4 849 M
Net income 2017 2 851 M
Debt 2017 -
Yield 2017 2,20%
P/E ratio 2017 9,61
P/E ratio 2018 8,74
Capi. / Sales 2017 2,25x
Capi. / Sales 2018 2,17x
Capitalization 29 419 M
Chart BANK LEUMI LE ISRAEL BM
Duration : Period :
Bank Leumi Le Israel BM Technical Analysis Chart | LUMI | IL0006046119 | 4-Traders
Technical analysis trends BANK LEUMI LE ISRAEL BM
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 18,4  ILS
Spread / Average Target -4,5%
EPS Revisions
Managers
NameTitle
Rakefet Russak-Aminoach President & Chief Executive Officer
David Brodet Executive Chairman
Martin Droney Chief Operating & Technology Officer
Zvi Stern Yedidia Independent External Director
Haim Samet External Director